APGOF) announces correction of warrant terms on $25 million strategic investment by Eric Sprott and Jupiter Asset Management

(www.investorideas.com Newswire) – Investorideas.com reports major silver stock news for Apollo Silver Corp. (TSX.V:APGOOTCQB:APGOF, Frankfurt:6ZF0) .

Further to the Company’s press release issued this morning announcing a non-brokered private placement of 5,000,000 units (the “Units”) of the Company at a price of $5.00 per Unit for aggregate gross proceeds of $25,000,000 (the “Offering”), Apollo Silver wishes to clarify that each Unit issued pursuant to the Offering will consist of one common share (a “Share”) in the capital of the Company and one full common Share purchase warrant (a “Warrant”) instead of one half Warrant as originally announced. Each Warrant entitles the holder to purchase one Share at an exercise price of $7.00 for 24 months from the closing date of the Offering.

All securities issued in connection with the Offering will be subject to a hold period of four months from the date of closing. Finder’s fees may be payable on some or all of the funds raised, in accordance with the policies of the TSX Venture Exchange (the “TSXV”). The Company intends to use the net proceeds from the Offering to fund exploration and development activities within the Company’s projects, as well as for general working capital and corporate purposes.

The closing of the Offering is subject to regulatory approval, including the TSXV.

The Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”), or any US state securities laws, and may not be offered or sold in the United States absent registration under the US Securities Act and any applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Apollo Silver Corp.

Apollo Silver is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large bulk silver deposit with significant barite credits – a critical mineral essential to the US energy and medical sectors. The company also has an option on the Cinco de Mayo project in Chihuahua, Mexico, which hosts a large carbonate replacement (CRD) deposit that is both high-grade and large. Led by an experienced and award-winning management team, Apollo is well positioned to advance its assets and deliver value through exploration and development.

Please visit
www.apollosilver.comfor more information.

ON BEHALF OF THE BOARD OF DIRECTORS
Ross McElroy
Chairman and CEO
For more information please contact:
Email: info@apollosilver.com
Phone: +1 (604) 428-6128

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding “Forward-Looking” Information

This press release contains “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements in this press release, other than statements of historical fact, are forward-looking statements, including, but not limited to, statements regarding the expected timing of completion of the Offering; and the intended use of the proceeds from the Offering. Forward-looking statements include forecasts, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” “potential,” “goal,” “budget” and “intend” and statements that an event or outcome “may,” “will,” “should,” “might” or “could” occur or be achieved and other similar expressions and include the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analyzes and opinions of the Company’s management, made in light of its experience and perception of trends, current conditions and expected developments, as well as other factors that the Company’s management believes to be relevant and reasonable in the circumstances as of the date such statements are made. Forward-looking information is based on reasonable assumptions made by the Company as of the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest rates and exchange rates; competition; fluctuations in stock prices; availability of drilling equipment and access; actual results of ongoing exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operational or technical problems associated with development activities; employee relations; and changes in project parameters as plans are further refined. Forward-looking statements are based on assumptions that management believes reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to conduct exploration and development activities; the timely receipt of any necessary approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate safely, efficiently and effectively; and the regulatory framework relating to environmental matters, and other assumptions and factors set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate or actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking information contained herein except in accordance with applicable securities laws. The forward-looking information contained herein is intended to assist investors in understanding the Company’s expected financial and operating performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Apollo Silver Corp. (TSX: APGO.V) (OTCQB:APGOF) (Frankfurt:6ZF0) is a featured mining stock on Investorideas.com

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